Dubai gold rates rise to Dh406.25
This week saw mixed shifts across 24K, 22K, 21K and 18K
DUBAI – Dubai gold prices advanced today, with 24K trading at Dh406.25 per gram on Saturday, climbing Dh5.25 from Friday’s Dh401.
Rates for 22K moved up to Dh376.25 compared with Dh371.25, while 21K rose to Dh360.75 from Dh356. The 18K category increased to Dh309.25, after closing yesterday at Dh305.25.
The week saw notable fluctuations. On Thursday, 24K stood at Dh402.25, slightly higher than Wednesday’s Dh400. Tuesday mirrored Thursday’s level at Dh402.25, before Friday’s dip and today’s sharp rebound. The 22K, 21K and 18K categories followed the same curve, with prices edging lower on Friday before today’s increase.
Global bullion
In global trade, gold eased as the dollar strengthened yesterday. Spot gold was down 0.3% at $3,329.19 per ounce by 0607 GMT, while US gold futures for December slipped 0.3% to $3,372.10. The US dollar index held near a two-week peak, weighing on demand for bullion from international buyers.
Economic and geopolitical factors continue to influence sentiment. US jobless claims rose last week at the fastest pace in nearly three months, following a previous week when unemployment filings hit a four-year high. Inflation concerns remain heightened, with additional pressure from new tariff measures in the United States.
Geopolitical risks also linger. Reports suggest Russia is pushing Ukraine to concede the Donbas region, drop NATO membership ambitions, and block Western troop deployments in any potential peace deal.
Other precious metals posted mixed movement: silver declined 0.4% to $38.01 per ounce, platinum fell 0.6% to $1,345.06, while palladium edged up 0.2% to $1,113.19.